Millennium Management LLC Has $2.01 Million Stock Position in SandRidge Energy, Inc. (NYSE:SD)

Millennium Management LLC boosted its position in shares of SandRidge Energy, Inc. (NYSE:SD - Free Report) by 90.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 171,442 shares of the oil and natural gas company's stock after purchasing an additional 81,560 shares during the period. Millennium Management LLC owned 0.46% of SandRidge Energy worth $2,008,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SD. Quarry LP acquired a new position in shares of SandRidge Energy in the 4th quarter worth approximately $41,000. NewEdge Advisors LLC boosted its holdings in shares of SandRidge Energy by 100.0% in the 4th quarter. NewEdge Advisors LLC now owns 9,000 shares of the oil and natural gas company's stock worth $105,000 after acquiring an additional 4,500 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of SandRidge Energy by 2,650.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,138 shares of the oil and natural gas company's stock worth $130,000 after acquiring an additional 10,733 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of SandRidge Energy in the 4th quarter worth approximately $132,000. Finally, Commonwealth Equity Services LLC bought a new position in SandRidge Energy in the 4th quarter valued at $148,000. Institutional investors and hedge funds own 61.84% of the company's stock.

SandRidge Energy Stock Performance

SD traded down $0.00 during mid-day trading on Thursday, reaching $10.38. The stock had a trading volume of 323,061 shares, compared to its average volume of 305,847. The stock has a market capitalization of $380.66 million, a P/E ratio of 8.11 and a beta of 0.91. The firm's fifty day simple moving average is $9.79 and its two-hundred day simple moving average is $11.03. SandRidge Energy, Inc. has a 52 week low of $8.81 and a 52 week high of $14.04.

SandRidge Energy (NYSE:SD - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The oil and natural gas company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). The firm had revenue of $42.60 million during the quarter, compared to the consensus estimate of $43.32 million. SandRidge Energy had a net margin of 39.25% and a return on equity of 7.92%.

SandRidge Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 4.24%. The ex-dividend date was Monday, May 19th. SandRidge Energy's dividend payout ratio is 25.14%.

SandRidge Energy Company Profile

SandRidge Energy, Inc engages in the acquisition, development, and production of oil, natural gas, and natural gas liquids in the United States Mid-Continent. The company was incorporated in 2006 and is headquartered in Oklahoma City, Oklahoma.